Congressman Barney Frank (D-MA), the ranking member of the House Financial Services Committee discusses the issues concerning the recent $2 billion loss by JP Morgan Chase on high risk trades and the state of the U.S. economy. He also talks about his concerns on the economic outlook for Europe and the current budget debates involving military and entitlement funding.
Our guest reporters are Major Garrrett of the National Journal and Binyamin Appelbaum of the New York Times.